What is principal investigator in SAP PSM-GM - Grants Management?

SAP Term: principal investigator

• Component: PSM-GM

• Component Name: Grants Management

• Description: The proposed leader of the project for which funds are being sought. The person so appointed will usually be a person of high standing in order to improve the chances of a grant application being successful.

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• Key Concepts: 
  Principal Investigator (PI) is a term used in SAP Grants Management (PSM-GM) to refer to the individual responsible for the scientific and technical direction of a research project. The PI is typically a faculty member or researcher who is responsible for the overall management of the project, including budgeting, personnel, and other administrative tasks. 
  
  How to use it: 
  In SAP Grants Management, the PI is responsible for creating and submitting grant proposals, managing the project budget, and ensuring that all project activities are completed in accordance with the grant requirements. The PI is also responsible for ensuring that all personnel involved in the project are properly trained and qualified to perform their duties. 
  
  Tips & Tricks: 
  When creating a grant proposal in SAP Grants Management, it is important to include detailed information about the PI's qualifications and experience. This will help ensure that the proposal is approved by the granting agency. Additionally, it is important to ensure that all personnel involved in the project are properly trained and qualified to perform their duties. 
  
  Related Information: 
  For more information on SAP Grants Management, please visit https://help.sap.com/viewer/product/SAP_GRANTS_MANAGEMENT/latest/en-US. Additionally, you can find more information about principal investigators and their roles in research projects at https://www.grants.gov/web/grants/learn-grants/grant-making-agencies/principal-investigator-pi.html.